Chen Yuan facts for kids
Quick facts for kids
Chen Yuan
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| 陈元 | |
| Vice Chairman of the Chinese People's Political Consultative Conference | |
| In office 11 March 2013 – 14 March 2018 |
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| Chairman | Yu Zhengsheng |
| Personal details | |
| Born | January 1945 (age 80) Qingpu District, Jiangsu, China |
| Citizenship | People's Republic of China |
| Political party | Chinese Communist Party |
| Occupation | Chairman of China Association for International Friendly Contact |
Chen Yuan (Chinese: 陈元, born in January 1945) is an important Chinese economist. An economist is someone who studies how money, goods, and services are made and used. He is currently the chairman of the China Association for International Friendly Contact (CAIFC). This group works to build friendships between China and other countries.
Before this, Chen Yuan was the chairman of the China Development Bank from 1998 to 2013. This bank helps fund big projects in China. He also served as a Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference from 2013 to 2018. This is a key group that advises the Chinese government. Chen Yuan is the eldest son of Chen Yun, who was a famous former leader in China.
Contents
About Chen Yuan
Early Life and Education
Chen Yuan studied economics at the Graduate School of Chinese Academy of Social Sciences. He earned a master's degree there. He learned from well-known economists like Yu Guangyuan and Ma Hong.
Starting His Career
In August 1982, Chen Yuan began working in government in Beijing. He became a leader in the Xicheng District and helped manage trade for the city. Later, in March 1988, he became a vice governor at the People's Bank of China. This is China's central bank, similar to the Federal Reserve in the United States.
Leading the China Development Bank
In April 1998, Chen Yuan was chosen to be the governor of the China Development Bank (CDB). Under his leadership, he made changes to give the bank more freedom. This meant the government had less direct control over how the bank raised money and lent it out.
After a big financial problem around the world in 2007-2008, Chen Yuan had an idea. He thought China should use its money to buy important resources like oil and minerals. He believed this would help protect China's economy.
Chen Yuan also became the Chairman of the China Finance 40 Forum (CF40) when it started in 2008. This forum is a group where experts discuss important financial topics.
Later Roles
Chen Yuan left his job at the China Development Bank in 2013. That same year, he became a vice chairman of the National Committee of the Chinese People's Political Consultative Conference. He served in this important advisory role until 2018.
